Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams
Small Scholarship Trust with Declining Assets and No Public Transparency
EIN: 222672860 · Manchester, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $5K |
| CEO/Top Officer Pay | $4,544 |
| Net Assets | $104K |
| Transparency Score | 60/100 |
Is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams (EIN: 222672860) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $25K and total assets of $98K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams is a micro nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -201.4% | -52.6% | -7.6% |
| 2022 | -58.5% | -5.6% | -4.7% |
| 2021 | +32.0% | +11.9% | -0.4% |
| 2020 | +39.6% | -1.9% | -1.5% |
| 2019 | -58.1% | +34.6% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported, which is typical for small trusts with no paid employees. All expenses appear to be administrative, totaling $4,544 in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's IRS 990 filings:
- Declining assets over the past decade, from $125,807 in 2015 to $97,570 in 2023.
- No reported program service expenses, indicating all expenditures are administrative.
- Lack of public information or website for a scholarship-granting organization.
- Minimal revenue generation, relying heavily on existing assets.
Strengths
The following positive indicators were identified for Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams:
- Clear and focused mission to serve North Adams high school graduates.
- Consistent, albeit small, annual expenditures for administrative purposes.
- Long-standing operation, with filings dating back to at least 2013.
Frequently Asked Questions about Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams
Is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams a legitimate charity?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams (EIN: 222672860) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $25K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams spend its money?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams reported $25K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams tax-deductible?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams is registered as a tax-exempt nonprofit (EIN: 222672860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams CEO make?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's highest-compensated officer earns $4,544 annually. The organization reported $25K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams located?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams is headquartered in Manchester, New Hampshire and files with the IRS under EIN 222672860.
How many years of IRS 990 filings does Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams have?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $25K in total revenue.
What does Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams do?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams is a nonprofit organization in the Unknown sector, located in Manchester, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams have?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams reported total revenue of $24,771. Based on 10 IRS 990 filings on record.
What are Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's total assets?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams holds total assets of $97,570 as reported in IRS 990 filings.
Where is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams located?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams is based in Manchester, New Hampshire.
What is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's EIN?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's Employer Identification Number (EIN) is 222672860. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams is classified under NTEE code Unknown (Unknown).
Is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams a registered 501(c)(3)?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams appears in IRS records (EIN: 222672860). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams file IRS Form 990?
Yes, Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's revenue in 2023?
In the 202312 filing period, Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams reported total revenue of $-4,091, total expenses of $4,544, and net assets of $103,645.
Is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's revenue growing or declining?
Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's revenue is declining. Revenue went from $4,035 (202212) to $-4,091 (202312), a -201.4% change. Based on 10 filings on record.
What is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's most recent 990 filing?
The most recent IRS Form 990 filing for Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams covers tax period 202312. It shows revenue of $-4,091, expenses of $4,544, total assets of $103,645, and liabilities of $1.
Is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams a trustworthy charity?
Based on AI analysis of IRS 990 data, Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams shows mixed signals. Mission Score: 60/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams?
The following concerns were identified: Declining assets over the past decade, from $125,807 in 2015 to $97,570 in 2023.. No reported program service expenses, indicating all expenditures are administrative.. Lack of public information or website for a scholarship-granting organization.. Minimal revenue generation, relying heavily on existing assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's strengths?
Positive indicators for Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams include: Clear and focused mission to serve North Adams high school graduates.. Consistent, albeit small, annual expenditures for administrative purposes.. Long-standing operation, with filings dating back to at least 2013.. These findings are derived from AI analysis of the organization's financial filings.
How does Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams compensate executives?
Executive compensation is not reported, which is typical for small trusts with no paid employees. All expenses appear to be administrative, totaling $4,544 in 2023. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams?
• No public transparency report or detailed financial breakdowns beyond basic IRS filings. • Lacks a website or any readily available information about its scholarship selection process or beneficiaries. • The trust's purpose is clear, but its operational details are opaque. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the declining asset base and no reported program expenses, how does the trust fulfill its mission of serving high school graduates?
The trust's filings show only administrative expenses, with no direct program service expenses. This suggests that the 'scholarships' may be disbursed directly from the trust's principal or that the administrative expenses cover the entire scholarship process without being categorized separately. Further investigation into the trust's specific disbursement methods is needed.
What is the long-term viability of this trust if its assets continue to decline and revenue remains minimal?
With assets decreasing from $125,807 in 2015 to $97,570 in 2023 and minimal annual revenue (e.g., $4,091 in 2023), the trust's ability to sustain its mission in the long term is questionable. Without new contributions or significant investment returns, the principal will eventually be depleted, impacting its capacity to provide scholarships.
Filing History
IRS 990 filing history for Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams's revenue has declined by 156.9%, moving from $7K to $-4,091. Total assets decreased by 22.2% over the same period, from $133K to $104K. Total functional expenses fell by 55%, from $10K to $5K. The organization holds $1 in liabilities against $104K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $104K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-4,091 | $5K | $104K | $1 | — | — |
| 2022 | $4K | $10K | $112K | $1 | — | — |
| 2021 | $10K | $10K | $118K | $1 | — | — |
| 2020 | $7K | $9K | $118K | $1 | — | View 990 |
| 2019 | $5K | $9K | $120K | $1 | — | View 990 |
| 2015 | $13K | $7K | $126K | $1 | — | View 990 |
| 2014 | $4K | $9K | $120K | $1 | — | View 990 |
| 2013 | $6K | $11K | $124K | $1 | — | View 990 |
| 2012 | $6K | $10K | $129K | $1 | — | View 990 |
| 2011 | $7K | $10K | $133K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-4,091, expenses of $5K, and assets of $104K (revenue -201.4% year-over-year).
- 2022: Revenue of $4K, expenses of $10K, and assets of $112K (revenue -58.5% year-over-year).
- 2021: Revenue of $10K, expenses of $10K, and assets of $118K (revenue +32.0% year-over-year).
- 2020: Revenue of $7K, expenses of $9K, and assets of $118K (revenue +39.6% year-over-year).
- 2019: Revenue of $5K, expenses of $9K, and assets of $120K (revenue -58.1% year-over-year).
- 2015: Revenue of $13K, expenses of $7K, and assets of $126K (revenue +221.0% year-over-year).
- 2014: Revenue of $4K, expenses of $9K, and assets of $120K (revenue -28.9% year-over-year).
- 2013: Revenue of $6K, expenses of $11K, and assets of $124K (revenue -3.5% year-over-year).
- 2012: Revenue of $6K, expenses of $10K, and assets of $129K (revenue -20.3% year-over-year).
- 2011: Revenue of $7K, expenses of $10K, and assets of $133K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams:
Data Sources and Methodology
This transparency report for Charles & Olivina Perron Memorial Tr Bo Hs Grad Serving N Adams is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.